News Releases

Starting up or starting over— rbc.com/tips helps Canada's
newest entrepreneurs set up their own businesses

TORONTO, May 5, 2008 — One of the challenges
facing the 900,000 Canadians thinking about starting a business
this year is where to go for advice to get the right start.
This is particularly important to over half (57 per cent)
of those aspiring entrepreneurs who, according to RBC's most
recent Small Business survey, have never owned a business
before.

"Although there are a number of online resources available
for Canadians who want to start up their first business, or
start over in a new venture, the challenge is finding the
right information," explains Rina Pillitteri, RBC's national
director, Small Business. "To make it easier, we've posted
advice on key aspects of starting up a business on our www.rbc.com/tips
website. This resource provides ready online access to key
information to help Canadian entrepreneurs successfully begin
their new enterprises."

Some of the topics covered on the "RBC Small Business
Tips" website include:

Being your own boss

Creating a business plan

Determining your business structure

Registering your business

Opening a business deposits account

Calculating your business start-up costs

Matching financing to your needs

Making sense of taxes

New tips for aspiring entrepreneurs and existing business
owners will be added throughout the year to create a comprehensive
advice archive for Canadian entrepreneurs. This archive complements
a wide range of resources RBC already makes available online.
As well, anyone visiting the website can request specific
tips, or send in tips of their own. For further information,
or to obtain a free copy of RBC's "Starting a Business"
guide, contact one of RBC's Small Business specialists, available
24/7 at 1-800-ROYAL-20 (769-2520) or visit www.rbc.com/tips.